Unique to TradeFlow TPM is a real-time, dynamic dashboard, which
enables a superior exception management capability for faster
resolution of outstanding issues. Based on a single fully integrated
architecture, the solution provides a web-based operational dashboard
of all exceptions, from which users can drill down into individual
cases. TradeFlow TPM also features a web-based user interface, which
facilitates efficient global roll-out across multiple locations,
leveraging a company's existing infrastructure at minimal cost.

A global asset management firm is upgrading its existing TradeFlow
TPM implementation to the new enterprise-wide edition, and expects to
go live by the end of 2005. Currently, TradeFlow TPM serves as a hub
for the firm's cross-border trade confirmation system, spanning
operations in Europe, Asia-Pacific and North America. TradeFlow TPM
is the backbone of the system, enabling the trade support team to
access real-time, enriched trade information regardless of geography
or time zones.

From its European based operations, the new deployment will enable
the firm to integrate its transaction processing for regional dealing
centers into its cross border system, so that going forward, all
transactions will be handled by a single global hub. This enhanced
solution will enable the firm to better support its growing U.S.
domestic business.

"With one of the most comprehensive and sophisticated buy-side
operations in the world, our customer was looking for a business
partner that could not only deliver proven solutions on a global
scale, but also understand its specific business needs," said Randy
McCoy, executive vice president and general manager of CheckFree
Software. "The expansion of TradeFlow TPM to encompass
enterprise-level operations positions CheckFree Software to deliver
truly global, end-to-end post-trade securities processing solutions.

Founded in 1981, CheckFree Corporation (Nasdaq: CKFR) provides
financial electronic commerce services and products to organizations
around the world. CheckFree Electronic Commerce solutions enable
thousands of financial services providers and billers to offer their
customers the convenience of receiving and paying their household
bills online or in person through retail outlets. CheckFree
Investment Services provides a broad range of investment management
solutions and outsourced services to thousands of financial services
organizations, which manage more than US$1 trillion in assets.
CheckFree Software develops, markets and supports software
applications that are used by financial institutions to process more
than two thirds of the 10 billion Automated Clearing House
transactions in the United States. The division also provides global
trade processing, reconciliation, financial messaging, compliance and
electronic billing and statement software to hundreds of
organizations across the globe.

Certain of CheckFree's statements in this press release are not
purely historical, and as such are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995. These include statements regarding management's intentions,
plans, beliefs, expectations or projections of the future.
Forward-looking statements involve risks and uncertainties, including
without limitation, the various risks inherent in CheckFree's
business, and other risks and uncertainties detailed from time to
time in CheckFree's periodic reports filed with the Securities and
Exchange Commission, including CheckFree's Annual Report on Form 10-K
for the year ended June 30, 2004 (filed September 3, 2004), Form 10-Q
for the quarter ended September 30, 2004 (filed November 9, 2004),
Form 10-Q for the quarter ended December 31, 2004 (filed February 8,
2005), and Form 10-Q for the quarter ended March 31, 2005 (filed May
9, 2005). One or more of these factors have affected, and could in
the future affect CheckFree's business and financial results in
future periods, and could cause actual results to differ materially
from plans and projections. There can be no assurance that the
forward-looking statements made in this press release will prove to
be accurate, and issuance of such forward-looking statements should
not be regarded as a representation by CheckFree, or any other
person, that the objectives and plans of CheckFree will be achieved.
All forward-looking statements made in this press release are based
on information presently available to management, and CheckFree
assumes no obligation to update any forward-looking statements.